The firm's flagship product, 1Cloud,offers a single end-to-end user experience for administering reimbursement accounts in an intuitive manner for consumers. The platform has been developed to serve health plans, third-party administrators, financial institutions, exchange partners, and payroll providers that offer healthcare and other reimbursement account services such as Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), and Voluntary Employee Beneficiary Associations (VEBAs). “In addition, it also supports dependent care, defined contribution, and wellness and transit accounts along with custodial banking services,” says Brunsberg.The platform also supports wellness and Incentive Plans and Commuter Benefits Plans like transit and parking. With intuitive web-portals for administrators, employers, consumers, the platform can be accessed round the clock and helps in delivering powerful insights to clients. “The underlying premise of our offerings is that consumers are given control over their healthcare expenses, they will make better and more informed use of their resources,” says Brunsberg.
No one else in the industry provides the single end-to-end consumer experience that Evolution1 does; no one
Another offering from Evolution1 is 1Mobile by Evolution1®. The solution enables consumers to view their current account details, submit healthcare account claims, and save and send receipts anytime. The solution is supported on iOS, Android, and Windows devices. 1Mobile’s single end-to-end user experience, along with the features and functionality that enable consumers to effectively manage their healthcare budgets, has been well-received. In fact, the number of users has doubled in the past two years.
New functionality enables consumers to initiate HSA transactions on the go—anytime and anywhere— with 1Mobile. The updated version includes a new “HSA Transaction” button that quickly and easily enables consumers to conveniently make HSA distributions and contributions. When distributing funds from their HSA, consumers can pay themselves to an established bank account, or they can pay someone else, such as a provider. For contributions, consumers may use 1Mobile to initiate a funds transfer from a personal bank account into their HSA.
For the future, Evolution1 aims to continue its cloud-based healthcare reimbursement account administration services through its easy-to-use web portals and convenient mobile access. “Our solutions ultimately help consumers become more engaged in their healthcare by enabling them to make more informed decisions on healthcare spending,” concludes Brunsberg. “Together with our partners, this is what we do day in and day out: simplify the business of healthcare.”